Listed by Matthews
$1,704,225
Take 5 | Roanoke Rapids, NC | 10% Rent Increase
Details
Property Type Retail
Sub Type Gas Station, Auto Shop
Square Footage 1,800
Cap Rate 6.25%
NOI $106,514
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change, Express Oil
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options Six, 5-Year Options
Year Built 2021
Acreage 0.720
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 11/19/2021
Ground Lease No
Ownership Fee Simple
2021 Construction | 35,000 Vehicles Daily
Marketing description
Take 5 is a leading quick-lube and vehicle maintenance brand in the U.S., renowned for its signature 'drive-through, stay-in-your-car' oil change concept. The company emphasizes speed, convenience, and customer experience, differentiating itself in the automotive services sector through operational efficiency and a no-hassle service model. As part of a broader automotive services platform, Take 5 capitalizes on national support systems and brand alignment while retaining its own market identity.
Originally founded in 1984, Take 5 evolved from a regional fast-lube concept to a scaled franchising platform. Over time, the brand has grown its footprint through organic growth and franchise expansion.
Investment highlights
- 2021 build-to-suit construction for Take 5
- ±10.50 Years remaining on the base term of a 15 Years lease
- 10% rent increase in 2031 & in all Six, 5-Year options
- The subject property qualifies for bonus depreciation (consult with a tax professional)
- Full term guarantee from a well established franchisee (±45 locations by year end)
- Traffic counts of ±34,682 VPD at the intersection of I-158 & Old Farm Rd
- Boomin retail corridor with national tenants such as Lowe's, Dunkin', Tractor Supply Company, Walmart, Food Lion, Sheetz, Burger King, Walgreens, PNC Bank, Applebee's, Taco Bell, Zaxby's, and many more!
- Take 5 is one of the nation's leading drive-thru oil change concepts with approximately ±1,500 locations across the United States
- Take 5 is growing at an exponential rate and has recently begun franchising some of their new locations
- Driven Brands owns Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more
- Driven Brands has more than 5,000 locations throughout 14 countries, and services more than 70 million vehicles annually
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,514.00
$8,876.17/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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